ZIP 46784 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46784 in the LaGrange County, IN FMR area.

LaGrange County, IN

$790Efficiency

$8101 bedroom

$1,0602 bedrooms

$1,2603 bedrooms

$1,7704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$789
1 bedroom	$810	$729	$891	$794
2 bedrooms	$1,060	$954	$1,166	$1,039
3 bedrooms	$1,260	$1,134	$1,386	$1,238
4 bedrooms	$1,770	$1,593	$1,947	$1,366

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Noble County, IN

$790Efficiency

$8101 bedroom

$1,0602 bedrooms

$1,2603 bedrooms

$1,7704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$765
1 bedroom	$810	$729	$891	$782
2 bedrooms	$1,060	$954	$1,166	$1,023
3 bedrooms	$1,260	$1,134	$1,386	$1,219
4 bedrooms	$1,770	$1,593	$1,947	$1,710

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 46784

$82,582average adjusted gross income per tax return (2022)

$55,148average salaries and wages per return

1,130tax returns filed

15%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.7%
$25,000 to $50,000	19.5%
$50,000 to $75,000	15.9%
$75,000 to $100,000	15.0%
$100,000 to $200,000	17.7%
$200,000 or more	6.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46784?

HUD's FY2027 Small Area FMRs for ZIP 46784 (LaGrange County, IN) are $790 efficiency, $810 one bedroom, $1,060 two bedrooms, $1,260 three and $1,770 four bedrooms.

What payment standard can a housing authority set in ZIP 46784?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $954 to $1,166.

How affordable is rent in ZIP 46784?

Tax returns filed from ZIP 46784 reported an average adjusted gross income of $82,582 (2022). A two-bedroom unit at the Small Area FMR costs $12,720 a year, or 15% of that income.